The EURUSD pair fell slightly during the course of the session on Wednesday, as we continue to try to find buyers just below.

I believe the actual “floor” at the 1.12 level below will continue to keep the market supportive for the Euro.

I believe that given enough time that we get some type of buying signal, but I don’t have that on the chart right now.

With this being the case, I believe that the market continues to try to build up enough momentum to break out to the upside but in the silver (SLV, quote) liquid time it’s difficult to get its footing.

Editor’s Note: Equity investors/traders can use the Currency Shares Euro Trust (FXE, quote) ETF to take positions in the euro without a FOREX account.  The ETF looks to track the price of the euro (EURUSD), minus ETF fee. The fund seeks to reflect the price of the euro with the shares representing a cost-effective investment relative to investing in the FOREX market.

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